IT Asset Management (ITAM) Software Market: What’s Next
IT asset management (also known as ITAM) is the process of ensuring that an organization’s assets are accounted for, deployed, maintained, upgraded, and disposed of when the time comes. Simply put, it’s about making sure that your organization’s valuables, tangible and intangible, are tracked and used. Asset management keeps information up to date, so teams eliminate waste and improve utilization. It saves money by avoiding unnecessary purchases and reducing license and support costs. IT Asset Management (ITAM) is a business function dedicated to the management, optimization and operation of IT assets. Ultimately, ITAM’s goal is to ensure that the organization maximizes the use of its IT assets. By monitoring the use of IT assets throughout their lifecycle, managers will have a better idea of where funding is going, full use of IT assets, and more. This information, in turn, can inform many other decisions, from purchasing to decisions about digital transformation.
𝗖𝗼𝗺𝗽𝗹𝗲𝘁𝗲 𝗥𝗲𝗽𝗼𝗿𝘁 @ https://www.coherentmarketinsights.com/market-insight/it-asset-management-software-market-3768
𝗕𝗲𝗻𝗲𝗳𝗶𝘁𝘀 𝗼𝗳 𝗜𝗧 𝗔𝘀𝘀𝗲𝘁 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁: –
• Increased efficiency in project management
• Better data security • Better software compliance
• Better communication between business units
• Improved customer service through streamlined data availability
• Reduce IT asset costs through consistent review Streamlined budgeting and decision-making processes through better understanding of IT assets and their role in the business
In the global IT asset management (ITAM) software market, by enterprise size segment, the large enterprise sub-segment dominated the global market in 2019, accounting for 64.0% share in value, followed by SMEs. Many organizations struggle to minimize their operational costs. ITAM software allows them to track inventory and helps them stop all the extra costs associated with IT spending. However, the cost of the ITAM down payment is considerably high, which is not affordable for small and medium-sized businesses. Thus, many organizations are unwilling to adapt to ITAM software, which in turn is expected to hamper the growth of the market in the near future. As SMEs often lack adequate financial support, they avoid implementing ITAM software. Apart from this, the lack of understanding of ITAM solutions combined with varying perceptions of their capabilities is the main reason why SMEs do not adopt these solutions. Hence, these factors are expected to hamper the growth of the global IT asset management (ITAM) software market in the near future.
𝗦𝗮𝗺𝗽𝗹𝗲 𝘁𝗼 𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱 𝘁𝗵𝗲 𝘁𝗵𝗲 𝗿𝗲𝗽𝗼𝗿𝘁: –
𝗼𝗳 𝗖𝗢𝗩𝗜𝗗-𝟭𝟵: –
The outbreak of the COVID-19 pandemic since December 2019 has had a major effect on the growth of the global IT asset management (ITAM) software market, owing to the unavailability of required manual labor and strict travel rules. worldwide, which has restricted the circulation of raw materials and finished products. Additionally, sudden business closures and social distancing laws have also affected work in manufacturing, which in turn has affected the global IT asset management (ITAM) software market.
𝗔𝘀𝗸𝗲𝗱 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻𝘀 (𝗙𝗔𝗤):
However, the market will explode in the near future.
𝗴𝗹𝗼𝗯𝗲? 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗖𝗼𝗺𝗽𝗮𝗻𝘆?
𝗬𝗲𝘀 You can add up to 3 specific companies.
Companies covered in this study include: Snow Software, Hewlett Packard Enterprise Development LP, Oracle Corporation, BMC Software Inc., Aspera Technologies Inc., CA Technologies Inc., LANDESK Software, Broadcom Inc., ServiceNow Inc., Flexera Software LLC, and Cherwell Software Inc
𝗜 / 𝗣𝗿𝗼𝗺𝗼-𝗖𝗼𝗱𝗲?
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𝗗𝗜𝗦𝗖𝗢𝗨𝗡𝗧. . ‘𝘀 𝘄𝗶𝘁𝗵 𝘂𝘀.
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